Cartel confirmed to be covering their shorts

Cartel confirmed to be covering their shorts

The latest COT confirms short covering by the cartel. Last week alone they covered 3,780 contracts, or 6% of their total short positions. Total open interest in silver declined by 387 to 100,165 contracts. Apparently people are giving up on the (more broken than usual) paper markets. I don't really blame them, either. AGQ/SLV have become completely untradeable.

As has been pointed out many times now, this is putting a great deal of stress on the spot market, as well.

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